Top Page
BKV Corporation
(NYSE:BKV)
BKV Corporation (BKV) vs. SPDR S&P 500 ETF (SPY)
BKV Corporation Business Overview & Revenue Model
BKV Corporation Earnings Call Summary
BKV Corporation Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 807.30M | 604.53M | 739.28M | 1.66B | 889.53M | 122.53M |
| Gross Profit | 532.33M | 387.00M | 515.91M | 1.54B | 797.25M | 35.19M |
| EBITDA | 259.41M | 82.18M | 446.59M | 640.00M | -74.02M | 87.54M |
| Net Income | 44.76M | -142.87M | 116.92M | 410.14M | -138.21M | -43.35M |
Balance Sheet | ||||||
| Total Assets | 2.89B | 2.23B | 2.68B | 2.70B | 1.62B | 1.34B |
| Cash, Cash Equivalents and Short-Term Investments | 83.11M | 14.87M | 25.41M | 153.13M | 134.67M | 17.45M |
| Total Debt | 486.56M | 165.00M | 541.66M | 617.04M | 181.41M | 35.14M |
| Total Liabilities | 1.09B | 671.51M | 1.21B | 1.51B | 865.89M | 357.35M |
| Stockholders Equity | 1.79B | 1.56B | 1.42B | 1.13B | 705.10M | 942.86M |
Cash Flow | ||||||
| Free Cash Flow | -55.03M | 17.62M | -69.53M | 101.10M | 289.42M | -521.71M |
| Operating Cash Flow | 217.08M | 118.54M | 123.08M | 349.19M | 358.13M | -7.41M |
| Investing Cash Flow | -479.61M | 36.07M | -177.85M | -865.57M | -161.86M | -513.99M |
| Financing Cash Flow | 314.32M | -304.81M | 66.71M | 534.83M | -79.05M | 442.72M |
BKV Corporation Technical Analysis
BKV Corporation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.88B | 11.61 | 6.68% | 17.41% | 9.33% | ― | |
66 Neutral | $2.64B | -54.76 | 0.64% | 5.96% | 32.31% | -122.30% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | $1.39B | -63.57 | 4.73% | 14.08% | -2.71% | -113.80% | |
63 Neutral | $1.86B | -5.43 | -13.71% | ― | -0.02% | -473.61% | |
62 Neutral | $2.51B | 50.25 | 2.62% | ― | 31.67% | ― |
BKV Corporation Corporate Events
On December 18, 2025, BKV Corporation announced that its board had authorized a two-year share repurchase program of up to $100 million of its outstanding common stock, with purchases to be executed through a variety of methods including open market and privately negotiated transactions. The program, which may be funded with available cash or borrowings under BKV’s reserve-based lending facility, is discretionary in both timing and size, can be suspended or discontinued at any time, and underscores management’s confidence in the company’s closed-loop energy strategy and commitment to shareholder value, signalling a potentially more shareholder-friendly capital allocation stance for investors while leaving flexibility to respond to market and liquidity conditions.
On December 3, 2025, BKV Corporation announced the closing of its public offering of 6,900,000 shares of common stock at $26.00 per share, raising approximately $170.3 million. The proceeds will be used for the acquisition of a controlling interest in BKV-BPP Power, LLC, although the offering and acquisition are not contingent on each other. This move is expected to enhance BKV’s strategic positioning in the energy sector.
On December 1, 2025, BKV Corporation entered into an Underwriting Agreement with Citigroup Global Markets Inc., Barclays Capital Inc., and Mizuho Securities USA LLC for the sale of 6,000,000 shares of common stock at $26.00 per share. The underwriters exercised an option to purchase an additional 900,000 shares, resulting in total proceeds of approximately $170.3 million. The proceeds are intended for the acquisition of a controlling interest in BKV-BPP Power, LLC and related expenses, or for general corporate purposes if the acquisition does not occur.
On December 1, 2025, BKV Corporation announced the launch of an underwritten public offering of 6,000,000 shares of its common stock, priced at $26.00 per share. The offering includes a 30-day option for underwriters to purchase an additional 900,000 shares. The proceeds are intended for the acquisition of a controlling interest in BKV-BPP Power, LLC, and related expenses, with the completion of the offering not contingent on the joint venture transaction. This move is expected to support BKV’s strategic growth and enhance its market positioning.
On November 21, 2025, BKV Corporation released unaudited consolidating financial information for its wholly-owned subsidiary, BKV Upstream Midstream, LLC. The company announced that it will utilize its website for future updates, potentially impacting how investors access financial data and signaling a shift in its communication strategy.
On September 29, 2025, BKV Corporation completed the acquisition of Bedrock Production, LLC, a company owning oil and natural gas properties in the Barnett Shale. The acquisition, valued at $397.7 million, was funded through a combination of cash, stock issuance, and financing transactions, including the issuance of senior unsecured notes and borrowings under an existing lending agreement. This strategic acquisition is expected to enhance BKV’s reserves and midstream opportunities, positioning the company for future growth in the energy sector.
On November 10, 2025, BKV Corporation reported its financial and operational results for the third quarter of 2025, highlighting a net income of $76.9 million and significant strategic moves, including the acquisition of Bedrock Energy Partners’ Barnett Shale assets and an increased stake in the Power JV. These developments are expected to enhance BKV’s control over its growth platform and support its long-term strategy in the energy market. The company also provided guidance for the fourth quarter, anticipating a production increase and maintaining its capital expenditure plans.
On October 27, 2025, BKV Corporation entered into a Fourth Amendment to its Credit Agreement with Citibank, updating financial covenants to accommodate its recent Bedrock Acquisition. This amendment reflects BKV’s strategic financial adjustments to support its growth initiatives. On October 29, 2025, BKV announced a Membership Interest Purchase Agreement with Banpu Power US Corporation to acquire a majority stake in the BKV-BPP Power Joint Venture, increasing its ownership to 75%. This acquisition is expected to close in the first quarter of 2026 and will allow BKV to consolidate the joint venture’s financial results, enhancing its strategic control and growth potential in the power sector.
On September 29, 2025, BKV Corporation completed the acquisition of Bedrock Energy Partners’ Barnett Shale assets for approximately $370 million. This strategic acquisition adds 97,000 net acres and 108 million cubic feet equivalent per day of production to BKV’s portfolio, reinforcing its position as the largest natural gas producer in the Barnett Shale. The transaction is expected to enhance BKV’s operational footprint and production capacity, offering substantial future development opportunities with new drill and low-cost refrac locations.
On September 22, 2025, BKV Corporation announced significant amendments to its credit agreement with Citibank, allowing for the Bedrock Acquisition and future acquisitions, increasing borrowing capacity, and adding Bedrock Production, LLC as a guarantor. Concurrently, BKV launched a private offering of senior notes to fund the Bedrock Acquisition and repay existing debts, enhancing its financial flexibility and operational capacity. These strategic moves are expected to bolster BKV’s market position and operational efficiency, with potential implications for stakeholders in terms of increased production capacity and financial stability.